RegTech

Financial crime detection company Symphony AyasdiAI has rebranded to SymphonyAI Sensa, following a strong period of growth and a recent acquisition.

A penny stock trader is facing fraud allegations that could see him slammed by permanent injunctions, civil money penalties, a penny stock bar, and disgorgement with prejudgment interest.

Onna, a centralised data platform, has netted $11m in its Series A equity round to support the expansion of its central information access product.

On October 4th, the Operational Taxes for Investment Firms conference took place, as experts from HMRC (His Majesty's Revenue and Customs) and investment firms all converged, including tax operations and corporate tax professionals. The meeting of minds became the perfect place for TAINA Tech to outline their due diligence compliance solution.

RealDefense, a firm that develops and markets privacy, security and optimisation software, has scored $30m in new financing.

Global Screening Services (GSS), a forefront runner in the RegTech industry, has successfully completed its Series A2 funding round, securing over $47m (£37m).

Schroders is looking for opportunities in the RegTech space as it represents the ‘greatest area for productivity enhancement’ according to chief digital officer Graham Kellen.

The Covid-19 lockdown has encouraged scammers to take up their efforts a notch, according to Barclays.

Cryptocurrencies are still reasonably new, meaning that every legal aspect of it is still not 100% clear. Yet, a new case might help shed some light.

RegTech firm Know Your Customer has partnered with business expansion specialist Tricor to simplify and digitise Tricor’s onboarding and AML processes across Asia.